The Major Distinction Between Cash-Basis and Accrual-Basis Accounting Is That

question 25

Multiple Choice

The major distinction between cash-basis and accrual-basis accounting is that the

• A) cash method is easier to use.
• B) cash method matches revenue and expenses better.
• C) point of recognition of revenue and expenses is different.
• D) cash method involves less record keeping.

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Definitions:

Deliberation

The process of carefully considering or discussing different options before making a decision.

Verdict

The decision made by a jury or judge in a court case.

Sentence

A set of words that is complete in itself, conveying a statement, question, exclamation, or command.

Central Route

A term from the Elaboration Likelihood Model referring to the path of persuasion that involves careful and thoughtful consideration of the arguments presented in a message.